L3Harris Technologies (NYSE: LHX) is a U.S. defense technology company. It supplies mission-critical systems primarily to the U.S. Government, which accounts for about 76% of segment revenue, as well as to international allies. It operates three reporting segments:
- **Space & Mission Systems** covers space payloads, sensors and optical systems, such as the Optical Telescope Assembly for NASA's Nancy Grace Roman Space Telescope and radiation-hardened electronics.
- **Communications & Spectrum Dominance** covers tactical and resilient communications and electronic warfare, including the U.S. Navy Next Generation Jammer Low Band, and counter-UAS systems such as VAMPIRE. Roughly 42% of this segment's revenue is international.
- **Missile Solutions** includes the former Aerojet Rocketdyne propulsion business. It makes solid rocket motors and propulsion for interceptors and munitions, including THAAD, PAC-3 MSE and GMLRS.
About 72% of revenue is from fixed-price contracts, and the company acts as prime contractor on about 64% of revenue. In 2026 the Department of War made a strategic investment in the company's Missile Solutions subsidiary through Series A convertible preferred stock and warrants, and the company has referenced a planned MSL public offering. It has also been reshaping its portfolio, divesting its Commercial Aviation Solutions business in 2025 and a Space Technology propulsion and power disposal group in 2026, while expanding munitions production capacity with new facilities such as its Camden, Arkansas solid rocket motor plant. Updated
Backlog hit a record $53.2 billion, lifted by the $6.3 billion THAAD propulsion award. Management raised full-year GAAP EPS guidance to $12.25 to $12.35, and the sixth straight beat shows the missile defense surge already landing in results.
L3Harris Technologies (NYSE: LHX) is a U.S. defense technology company. It supplies mission-critical systems primarily to the U.S.